Question 3 2 pts What is the exception principle of control? The notion that the income statement connects with the balance sheet through the retained earnings account The notion that you need to control the finances of the firm so that there are no exceptional expenses The notion that you should only be particularly concerned with things that go extremely well or extremely poorly The notion that you should create a budget for what to do when nothing goes extremely well or extremely poorly Question 4 2 pts Which of the following ratios presents the MOST CONSERVATIVE (e, lowest number view of a firm's liquidity? Current Ratio Debt/Asset Ratio Debt/Equity Ratio Acid Test Ratio